we can see the signs for reversal Doji candle stick + 2 red candles ---> confirm short sell
BPCL CMP 326.85 One may consider to buy at CMP and /or on dips towards 320. Momentum might be seen above 335-338 zone. Target for the current setup 360/372 Keep a Stop loss if closing is below 315.5 Alternatively one may consider the following FNO strategy Sell BPCL 320 PE Lot size 1800 CMP 11.5 Max profit potential Rs 20700 if stock stays above 320 on 27...
BTST IN BPCL NOVEMBER FUTURES BUY@283 STOP@276 TARGET@290 LOT;1800 QTY:1
A good trading opportunity. Buying some calls & expecting 3-5% move.
CMP 274 Target1 286.5 Target2 302 SL 265.5 Follow strict stop loss :)
STBT IN BPCL SEPT FUT SEPTEMBER FUTURES SHORT@370 STOP@375 TARGET@360 LOT:1800 QTY:1
BPCL Is in downtrend. There is trading opportunity in BPCL.
POSITIONAL SWING TRADE IN BPCL 2ND TIME AT LOWER LEVELS SEPTEMBER FUTURES BUY@360 STOP@352 TARGET@390 LOT:1800 QTY:2
POSITIONAL SWING TRADE IN BPCL SEPTEMBER FUTURES BUY@370 STOP@358 TARGET@390 LOT:1800 QTY:2
BPCL Probably on the way up till 410
NSE:BPCL is trading close to its 50EMA on monthly charts which comes around 362.....so i will look for short opportunity if closed below 360 on weekly chart......
BPCL cmp 409.8 initiating positional short trade in bpcl with target of 395 and lower,stoploss 318 all prices spot Please do careful risk calculation before taking trade All positional trade carry huge overnight risks due to news flow. Not for small traders Derivative trading is a high risk activity ,there is no guarantee of trade being profitable
Here the stock bounced back twice from upward support channel. This seems like a good indication that it is firmly heading upwards. Let's wait and watch.